Advisors Capital Management LLC Has $26.82 Million Stock Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Advisors Capital Management LLC increased its holdings in Starwood Property Trust by 4.4% in Q1, owning over $26 million and approximately 1.36 million shares.
• Starwood Property Trust reported a quarterly EPS of $0.43, exceeding analyst expectations, but its revenue decreased by 9.3% year-over-year to $444.28 million.
• The company has declared a quarterly dividend of $0.48 per share, representing an annual yield of 9.3%, with a payout ratio of 176.15%.

Advisors Capital Management LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,356,714 shares of the real estate investment trust's stock after purchasing an additional 57,638 shares during the quarter. Advisors Capital Management LLC owned about 0.40% of Starwood Property Trust worth $26,822,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Starwood Property Trust by 0.4% during the first quarter. Principal Financial Group Inc. now owns 737,047 shares of the real estate investment trust's stock worth $14,571,000 after purchasing an additional 2,993 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Starwood Property Trust in the 1st quarter worth about $925,000. Oppenheimer & Co. Inc. grew its position in Starwood Property Trust by 73.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 85,774 shares of the real estate investment trust's stock valued at $1,696,000 after buying an additional 36,209 shares in the last quarter. Highland Capital Management LLC grew its position in Starwood Property Trust by 68.2% in the 1st quarter. Highland Capital Management LLC now owns 76,450 shares of the real estate investment trust's stock valued at $1,511,000 after buying an additional 31,000 shares in the last quarter. Finally, Pinion Investment Advisors LLC grew its position in Starwood Property Trust by 120.9% in the 1st quarter. Pinion Investment Advisors LLC now owns 56,482 shares of the real estate investment trust's stock valued at $1,117,000 after buying an additional 30,908 shares in the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STWD shares. UBS Group raised their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Price Performance

Shares of NYSE:STWD traded down $0.13 on Tuesday, hitting $20.21. The stock had a trading volume of 665,393 shares, compared to its average volume of 2,854,374. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. The firm's 50 day moving average price is $20.12 and its 200-day moving average price is $19.78. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 18.53 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.5%. Starwood Property Trust's dividend payout ratio is presently 176.15%.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.